Plant Based
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Daring Foods Acquired by v2food With Ajinomoto Investment
Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.
Misha’s Acquires Vertage: Dairy-Free Cheese Consolidation
Misha’s, Inc. is expanding its portfolio of premium dairy-free cheeses with the acquisition of Vertage in a deal that leverages Vertage’s partnership with Fresh Del Monte Produce, providing access to its comprehensive logistics network and capabilities. Terms of the deal were not disclosed. “By integrating Vertage’s expertise and leveraging Fresh Del Monte’s infrastructure, we’re not… Read more »
Green Circle: Are Plant-Protein’s ‘High’ Costs Overstated?
A new report by Green Circle Capital Advisors is arguing that perception around plant-based protein costs being higher than their animal-based counterparts is inaccurate once you consider the actual protein content of meats and dairy products.
Additional Content
Tyson: ‘Made with Plants’ Raised & Rooted Nuggets to Hit Retail
During Tyson’s third quarter earnings call yesterday, the future of both meat and meat-free items was on the table, as the company reported strong sales in beef and pork and prepares to launch a new meatless chicken line, Raised & Rooted, into retail next month.
The Checkout: Plant-Based Brands Fight Labeling Laws, Find Breakfast Partnerships
Plant-based brands fight labeling laws, find breakfast partnerships in this week’s Checkout.
Oatly GM: ‘We Don’t Want to Wait Too Long to Start Expanding’
Oatly is ready to offer shoppers more than just milk, general manager Mike Messersmith told NOSH. Over the next two months the oat milk company will launch a line of ice cream into several national retailers. In 2020 the company will also bring online its largest facility to-date and double its current manufacturing capacity.
Upton’s & PBFA Sue Mississippi Over ‘Ridiculous’ Labeling Law
Just in time for the Fourth of July, Upton’s Naturals and The Plant Based Food Association (PBFA) are asserting their own independence against the state of Mississippi with a lawsuit to push back against new labeling laws. “It’s just ridiculous,” Upton’s founder Daniel Staackmann said about the new Mississippi law. “Perhaps the city of Hamburg should sue the meat industry in the United States for using [that term]?”
Big CPG Takes a Bite of Growing Plant-Based Meat Market
The latest entrant to the bleed-like-meat substitute category, Conagra, sees a $30 billion opportunity in its Gardein brand, CEO Sean Connolly said during the company’s fourth quarter earnings call last week.
The Checkout: FDA Updates ‘Added Sugars’ Requirement, Thrive Removes CBD and Hemp
FDA updates ‘Added Sugars’ requirement, Thrive removes CBD and hemp and more in this week’s Checkout.
The Checkout: Beyond Meat’s Q1 Financials, NACS and FARE Aim to Improve C-Stores for Allergy Sufferers
Beyond Meat’s Q1 financials, NACS and FARE aim to improve c-stores for allergy sufferers and more in this week’s Checkout.
Conagra Investor Day Shows a Future of Snacks & Frozen Food
Conagra, America’s fourth-largest food company, revealed upcoming product innovations, homing in on healthy and sustainable solutions for snacking and mealtime.
With New Burger, Beef Brand Teton Waters Encourages Consumers to Eat More Plants
Sausage and hot dog brand Teton Waters Ranch (TWR) is in the business of beef. So it’s a bit of an anomaly that the company’s latest innovation aims to inspire its consumers to eat less of its core product.
FDA to Consumers: How Would You Define Dairy?
The FDA today announced it has issued a request for information (RFI) in the Federal Register to solicit comments and feedback from the public to gain more insight into how consumers use plant-based alternatives and how they understand terms like “milk” or “cheese” when used to label plant-based products.